WASHINGTON (Reuters) – New details of the Federal Trade Commission’s antitrust lawsuit against Amazon.com were made public on Thursday, including the government’s claim the online giant deliberately raised prices by more than $1 billion through secret algorithms.
The FTC filed suit in September but many details were withheld from public view until Thursday when a version of the lawsuit with fewer redactions was made public in U.S. District Court in Seattle.
The FTC said Amazon created a “secret algorithm internally codenamed ‘Project Nessie’ to identify specific products for which it predicts other online stores will follow Amazon’s price increases.”
(Reporting by Diane Bartz and David Shepardson; Editing by Chizu Nomiyama)
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